Life Insurance

Monday, March 20, 2006

Factors that influence term life insurance rates

The factors that influence term life insurance rates are extensive. Here are just a few factors that can tip the balance when it comes to a life insurance company issuing you with competitive term life insurance rates: -

Smoking has a major influence on the rates of term life insurance. Smokers are at a high risk from contracting lung cancer and from developing breathing disorders, all of which can lead to an early grave. Recent research on life insurance rates suggest that a 35-year old male who smokes could save 51% on the cost of term life insurance if he was to quit smoking.

Obesity is a growing problem in developed nations. Too many of us are eating the wrong foods and not exercising enough, putting us at risk of dying young. Term life insurance companies penalise overweight people by increasing insurance rates, as they are seen as being at a greater risk than those who eat a balanced diet and exercise regularly.

Hereditary Disease
Susceptibility to potentially life threatening illnesses passed down through the family line are penalised too by term life insurance companies. If you are medically confirmed as being at a higher risk of contracting a life threatening illness because of family history then your term life rates will be higher.

Environmental Factors
Exposure to abnormal doses of x-rays, asbestos or other substances that are conducive to poor health later in life will attract high term life rates.

Term Life Insurance Rates

Term life insurance rates are currently at a historically low level. Increased competition in the life insurance marketplace, together with easier access to term life insurance products over the Internet has meant that life insurance is now very affordable for most. Insurance rates of £5 per month are being banded around by some term life insurance companies, making life insurance one of the cheapest forms of insurance to buy at the present time.

However, despite term life insurance rates being very competitive, those who do decide to shop around in search of the best term life insurance deal may find that they are ineligible for the lowest insurance rates. This is because the rates for term life insurance are calculated specifically upon risk. If you are deemed to be at a high risk of dying in the early years of a term life insurance policy then your insurance rates will be higher than for those who are categorised as being at a low risk of death during this period.

How your 'risk' is calculated is rather dependent upon your health and lifestyle choices. Should you be in poor health or participate in a dangerous sport then the life company is likely to see your risk level as high, and so quote you high life insurance rates. Conversely, if you are a healthy young non-smoker in a stress free job who does not participate in any dangerous sports, a 'low risk' tag will be attached to your name, allowing you to benefit from some of the lowest rates available.

What Is Life Insurance?

In my first content post, I want to provide you with the most important topic; what is life insurance?

What Is Life Insurance?

Life insurance is defined in the websters dictionary online as "insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured."

It basically means that the life insurance will last only a specified period of time, after which the insurance will cease. If the insured were to die, or fulfill any other requirements (such as a critical illness in a critical illness policy) then the full insurance sum would be paid out.

My Previous Work

Early in the life of this blog I thought I'd start by explaining the links that I have placed in the banner on the right.

The first is a link to where I have posted many of the articles that I have written.

You are welcome to use any of these articles for your own use according to isnare's acceptable use policy ( have also listed some of the companies that I have written for in the past. Please do not use these articles and copy, as the companies hold the copyright on this work.


Gary Tallon

Why am I posting?

I am an established finance author, and I use this blog as a sounding post to advertise my copywriting services to you are looking for a finance author, then I hope that what you read in this blog will serve as proof of my abilities.

Please feel free to use my articles on as a reference, and get in touch if what you read here catches your attention!


Gary Tallon

Welcome to the Life Insurance Blog

Welcome all and sundry to the new life insurance blog.

I will be covering life insurance and life assurance topics, as well as covering related products such as mortgage protection and income protection. We will also stray occasionally into regulated products such as whole life insurance and other investments.

You can also have a look at other articles that I have written at where I post my better articles. You can find them by searching for "gary tallon" under "search for author".

Hope you enjoy.

Gary Tallon.